12/28/2005
Effective Date: Thursday, December 29, 2005 (close of business)
Futures Contract:
ISO New England Internal Hub LMP - Peak (NI), ISO New England Internal Hub LMP – Off Peak (KI), Northern Illinois Hub – Peak (UM), Dow Jones South Path – 15 Index (DV), Dow Jones North Path – 15 Index (DN), Dow Jones Mid-Columbia Index (DO), Dow Jones Palo Verde Index (DP), and PJM Western Hub LMP Peak Monthly (JM)Contract Months: All Months
NYMEX Division Outright (Scan) Margins on NI, KI,
UM, DV, DN, DO, DP, and JM
| Contract |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| NI | $6,000 |
$4,000 |
$6,600 |
$4,400 |
$8,100 |
$5,400 |
| KI | $5,500 |
$3,500 |
$6,050 |
$3,850 |
$7,425 |
$4,725 |
| UM | $5,000 |
$3,000 |
$5,500 |
$3,300 |
$6,750 |
$4,050 |
| DV (Tier 1: 1st Nearby Month) | $7,000 |
$7,000 |
$7,700 |
$7,700 |
$9,450 |
$9,450 |
| DV (Tier 2: 2nd Nearby Month) | $8,000 |
$4,000 |
$8,800 |
$4,400 |
$10,800 |
$5,400 |
| DV (Tier 3: Greater than 2nd Nearby) | $5,000 |
$3,000 |
$5,500 |
$3,300 |
$6,750 |
$4,050 |
| DN (Tier 1: 1st Nearby Month) | $7,500 |
$7,500 |
$8,250 |
$8,250 |
$10,125 |
$10,125 |
| DN (Tier 2: 2nd Nearby Month) | $9,000 |
$4,500 |
$9,900 |
$4,950 |
$12,150 |
$6,075 |
| DN (Tier 3: Greater than 2nd Nearby) | $5,000 |
$3,000 |
$5,500 |
$3,300 |
$6,750 |
$4,050 |
| DO (Tier 1: 1st Nearby Month) | $6,000 |
$6,000 |
$6,600 |
$6,600 |
$8,100 |
$8,100 |
| DO (Tier 2: 2nd Nearby Month) | $9,000 |
$4,500 |
$9,900 |
$4,950 |
$12,150 |
$6,075 |
| DO (Tier 3: Greater than 2nd Nearby) | $4,500 |
$4,500 |
$4,950 |
$4,950 |
$6,075 |
$6,075 |
| DP (Tier 1: 1st Nearby Month) | $6,500 |
$6,500 |
$7,150 |
$7,150 |
$8,775 |
$8,775 |
| DP (Tier 2: 2nd Nearby Month) | $10,000 |
$8,000 |
$11,000 |
$8,800 |
$13,500 |
$10,800 |
| DP (Tier 3: Greater than 2nd Nearby) | $6,000 |
$6,000 |
$6,600 |
$6,600 |
$8,100 |
$8,100 |
| JM (Tier 1: 1st Nearby) | $8,500 |
$7,000 |
$9,350 |
$7,700 |
$11,475 |
$9,450 |
| JM (Tier 2: 2nd - 4th Nearby) | $7,500 |
$7,000 |
$8,250 |
$7,700 |
$10,125 |
$9,450 |
| JM (Tier 3: 5th - 6th Nearby) | $6,000 |
$6,000 |
$6,600 |
$6,600 |
$8,100 |
$8,100 |
| JM (Tier 4: 7th - 8th Nearby) | $6,000 |
$6,000 |
$6,600 |
$6,600 |
$8,100 |
$8,100 |
| JM (Tier 5: 9th - 10th Nearby) | $5,000 |
$5,000 |
$5,500 |
$5,500 |
$6,750 |
$6,750 |
| JM (Tier 6: 11th - 12th Nearby) | $5,000 |
$5,000 |
$5,500 |
$5,500 |
$6,750 |
$6,750 |
| JM (Tier 7: 13th - 16th Nearby) | $3,000 |
$3,000 |
$3,300 |
$3,300 |
$4,050 |
$4,050 |
| JM (Tier 8: Greater than 16th Nearby) | $2,000 |
$2,000 |
$2,200 |
$2,200 |
$2,700 |
$2,700 |
This notice supercedes all previous notices regarding margins rates for the Electricity futures contracts listed above.